Department of Planning and Investment of Binh Dinh
province has just granted certificate of investment registration for Seldat
Vietnam Co., Ltd (investors from Canada) to invest in Seldat Vietnam garment
factory project in An Hoa village, Nhon Khanh commune, An Nhon town, with a
total investment of nearly 1.2 million USD.

Accordingly, the project will invest 5 production
lines with designed capacity of 2 million products/year, products are mainly
exported to the US market. The project is built on an area of 2,440m2 and is
expected to be completed and put into operation in quarter II/2017.

The project is licensed within the first days of the
year so that it can be considered a meaningful gift for the efforts of the Binh
Dinh province in attracting investment. BinhDinh province has
consistently implemented reforms, simplification of administrative procedures,
thereby contributing to create an open investment environment, attracting
investors to come to the province. Up to date, Binh Dinh has 69 FDI projects,
total registered capital of 783 million USD, mainly are investors coming from
potential economies in the world like the US, China, Japan, France, Korea,
Singapore, Malaysia, Thailand….

In 2017, in order to continue to be an attractive
destination for investors, besides the administrative reform, leaders of Binh
Dinh province will strengthen dialogue with businesses in
order to listen to their desire, disassemble any difficulties and obstacles to improve
the investment and business environment, promoting economic development of the
locality.

Currently, the Department of Planning and Investment
of Binh Dinh is finalizing the draft scheme for implementation of the model
“one door, one door interconnection”, preparing to submit to the leaders of
Binh Dinh province for consideration and promulgation. At the same time, the
E-Regulations project (electronic regulation system). The website has been
completed, fully published the procedures relating to foreign investment so
that investors can access and search for information about the investment
procedures when investing in Binh Dinh.

According to Director of Investment Promotion Centre
(IPC) of Binh Dinh, Binh Dinh province’s goal is to continue to invest in
development of Nhon Hoi Economic Zone and industrial zones as planned for these
places to become seeds of the province’s growth in the sectors such as
industry, tourism services, urban; create motivation and basis so that until
2020, Binh Dinh province can basically become developed province of the central
region.